The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-06

4 OAdhcub Olty n. h.ss-OO DhO1 go hSAcu
Masonic Temple. bid, 100 asked
Cotton Ell. B. Co.....-.70 bid, rs asked
Memphis Wood Co.. bid, 100 asked
Chickasaw Coop. Co. -. bid, 80 asked
Am Cotton Oil Trust-62s bid ,52s asked
Brush Electric Light-.... bid, -. asked
I. II. Electric Light. ... bid. 100 asked
Valley Ice Co......... 80. bid, 90 asked
Memphis Elevator. .123 bid, -. asked
Memphis Brick Co.. ..l2S bid, -. asked
Memphis Abstr4ctOo .125 bid, e. asked
Tenn. Val. l. & r. Oo.10s bid, 20 asked
Florence L. q M. Co...224 bid, rs asked
Tenn. Goal and Iron. Al bid, 43 asked
Memphis Water Oo-...... bid, Sc. asked
Tenn. Brewing Co.. 127 bid, e. asked
Speers' W adding Co-l05 bid, ITO asked
U'on SIX Y'rd & F Co.'s bid, .. asked
Miss Grain&Elsv. Ool00 bid, $50 asked
New YORK, May 5.-Money on call
easy at 3a95 per cent, closing at 40
Al per cent. Prime mercantile paper,
5S83 per cent. Sterling exchange
quiet but steady at 1851 for sixty day
bills and 4873 for demand.
Bonds = Government bonds were
dull and heavy. State bonds were dull
and steady.
Stocks-There was more bushes at
the Stock Exchange today, and a con-
tinuancs of the advance begun yester-
day. The bears ran to cover, princi-
psliy because Of the breaking down Of
their arguments on the i'll eff ct OF the
interstate commerce law, the latest re-
ported earnings for the last week in
April being unusually favorable. The
improvement was particularly marked
on the higher priced stocks. In the
general list the grangeIs were most
prominent for gains aud Rock
Island and Fl. Worth and Denver
were the special features uf the day.
The latter advanced "a per cent. by
shortly after IL o'clock on q squeeze
of the shorts, though the insiders say
that the earnings warranted further
advance, and that three of the large
roads in that section are seeking con-
troll. One of the prominent room
traders was particularly conspicuous
in bidding up the stock. Rock Island
at one time was st per cent. above
last evenings price, but part of the
improvement was afterward lost. The
demand ia said to arise from the ex-
pectation OF the issue of new stock to
the present stockholders at par.
Northwestern was very strong, lead
ing the remainder of the active list.
OF the spscislties, Minneapolis and 81.
Louis preferred, Milwaukee, Lake
Shore and Western common, Terrs
Haute common, and Colorado
Coal were noticeable for adj
vances The openingl was steady
to firm, followed by a
moderate business, In which Reading
and New England led. Fort Worth
and Denver soon attracted attention
by its unusual strength, although the
entire market was firm to strong.
Rock leland later took the place OF the
former, but its advance did not culmi-
nate until that on the general llst,
which was shortly after l o'clock. The
market, under the lead OF the gr4ng-
era, showed steady appreciation of
values, which was accompanied after
II o'clock by marked increase in the
amount OF business done. A fractional
reaction was started toward 2 o'clock
pm, but was checked before the close,
which WAS quiet but steady to firm
near the best prices of the day. Sales,
290,977 shares. Reading, $1,000; New
England, $1,000; st. Paul, 2i,280;
northeastern, 81 800. and Western
Union, 1l,725. Union Pacific is of 1,
but all the rest of the active list
are higher; Alton and Terre
Haute, q; Milwaukee, Lake Shore
and Western, IL; Northwestern
st. Paul and Omaha each IL, Rock
Island 81, and Fort Worth and Dem
yer "a. Railroad bonds we're decided.
ly active. Erie seconds contributed
$3.50, 900, Detroit, Mackinsc and Mar
quette land grants 1921 600, Shenan-
doah Valley Central skies $223,O00,
and Green Bay incomes $21l 200 out
of total days business OF 81, 100000.
Closing figures generally show sd-
vances, Ksokuk and Des Moines frsss
ranging 8, to ITO; Jersey Central de-
bentures 81, to 1881; Denver and
South Park frsts 2, to IL; Oregon
Short Line firsts q, to 1903; Wabash
rs of 1890 A, to 81; the convertibles 2,
to SO.
The total sales Of stocks today were
300, 377 shares, including Erie, S400;
Delaware, Lackswsnna and West
ern, 5705; Chicago, st. Louis
and Pacific, preferred, 1888; Lake
Shore, 1850; Louisville and Nashville,
1925; Missouri Pacific, 500; North
western, q 300; New Jersey Central,
S268; Reading, $500; st. Paul, "a
$50; st. Paul and Omaha, $40; Union
Pacific, 6l75; Western Union, LIPS. |
Closing quotations:
BONDS.
U. s. 3s, 100. 4s, coup. 1851.
rs, coup, ITO. Pacific IS of 1895, 1854. |